Watching big companies abandoning corporate citizenship shows the flaw in the Supreme Court’s Hobby Lobby decision.
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Tech entrepreneur Nick Hanauer warned his fellow plutocrats in Politico Magazine that this imperiousness, among those who “live in our gated bubble worlds,” is helping create a dangerous and destabilizing dynamic—that the kind of inequality we are seeing can never be sustained. A world in which corporations are kings, their employees are not considered as a part of their collectives, and individuals are not their equals, where the ratio of CEO compensation to average employee pay continues to skyrocket way beyond any level in American history, where money is the only significant quality the Supreme Court sees as speech, and where billionaires who are making out like bandits and doing better than ever feel that they are the victims, is not one where broad faith in American democracy can be sustained.
A few weeks ago, in testimony before the Senate Rules Committee on campaign finance, I said that I keep reading and rereading the First Amendment, and I am still looking for the word “money.” Well, I keep reading and rereading the Constitution and I still can’t find the word “corporation.” This Supreme Court, with its new form of crony capitalism, seems to see the words everywhere.